American Morning
Rep. Tom Price: 'No tax increase ever created a job'
After a 75-minute negotiation session yesterday, congressional leaders are set to meet again today to attempt to come to a deal on deficit-reduction.
Republicans have been pushing for a combination of drastically reduced spending and no tax hikes before they agree to raise the nation's debt ceiling.
Obama has responded to their requests by saying that he backs an ambitious plan to reach $4 trillion, mostly through cuts but also with revenue increases.
Representative Tom Price (R-Ga), member of the House Ways & Means Committee, joins Ali Velshi today to talk about the status of the negotiations and where the GOP stands on various compromises proposed by the Democrats.
Rep. Steve Israel: 'No one is talking about cutting entitlements'
House Speaker John Boehner said this weekend that he cannot sign on to a $4 trillion debt-reduction package because the White House continues to insist the package include some tax increases.
Despite this, the White House has said that it will continue to push for the biggest deal possible, although a meeting last night between President Obama and congressional leaders adjourned without any signs of progress.
Representative Steve Israel (D-NY) joins Kiran Chetry this morning to talk about where the Democrats stand on potential cuts to entitlement programs and to weigh in on the status of the budget negotiations.
Van Hollen: Democrats not going to support a budget on the backs of Social Security beneficiaries
Representative Chris Van Hollen (D-Md.), ranking member of the House Budget Committee, said on Tuesday that senior House Republican Eric Cantor's offer to scale back on tax breaks did not "break new ground," casting doubt on the idea that the budget negotiations are progressing.
Nevertheless, Democratic and Republican Congressional leaders are set to meet with President Obama today at the White House to continue talks to raise the nation’s debt limit and reduce the deficit.
Representative Hollen joins Ali Velshi today on American Morning to discuss the negotiations and what concessions he is willing to make to the Republicans in order to reach a deal by August second.
Who is to blame for the current stalemate in debt ceiling negotiations?
President Obama spoke about the budget negotiations yesterday, saying that he is against any short-term deals. He has invited the congressional leadership to the White House tomorrow to start hashing out a deal, putting new pressure on lawmakers to raise the debt ceiling.
David Frum, editor of FrumForum.com and Megan McArdle, business and economics editor for The Atlantic join Ali Velshi on American Morning today to talk about who is to blame for the stalled budget negotiations and to weigh in on whether or not the parties will be able to come together to make a deal.
Senator Jim DeMint: Debt negotiations a 'matter of national survival'
Senator Jim DeMint, widely considered one of the Tea Party's leaders, is in New York this week promoting his new book, "The Great American Awakening: Two years that Changed America, Washington, and Me."
The book discusses the rise of the Tea Party movement in the United States and offers the Senator's take on what has become of the country since the 2008 elections.
Senator DeMint joins Christine Romans this morning to discuss his book, the 2012 GOP race and Washington's debate over the debt ceiling.
Senator Hutchison weighs in on the status of the debt, budget talks
As the clock ticks away towards the August 2nd deadline, Democrats and Republicans have still not reached an agreement on the nation's debt.
Republican Senator Kay Bailey Hutchison has been trying to lead the way on the debt/budget talks, introducing legislation on a plan to fix social security.
Hutchison joins Kiran Chetry this morning to talk about her efforts and her plan to meet with other Senate Republicans today for a presser to push for a vote on a Balanced Budget Amendment to the Constitution.
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